FECR Leases Over 19,000 SF At Panorama Tower, 1101 Brickell
Colliers’ Jake Freeman, Kevin Gonzalez, and Maggie Guajardo Kurtz oversee office and retail leasing activity for both projects.
Colliers’ Jake Freeman, Kevin Gonzalez, and Maggie Guajardo Kurtz oversee office and retail leasing activity for both projects.
The deal was facilitated by Tony Arellano and Devlin Marinoff of DWNTWN Realty Advisors.
Renewing the lease would have resulted in rent increasing by roughly three times the firm’s prior rate.
DWS Group initially brought the property to market in July 2025, seeking approximately $125 million. The complex last sold in 2015 for $118.55 million.
Previously, the space served as the headquarters for Parbel, a fragrance and cosmetics subsidiary of L’Oréal. The current lease runs through August 2027.
Colliers’ Kevin Gonzalez and Ana Paula represented the landlord in the transaction. Nickel Goeseke of Cervera Real Estate represented the tenant.
Jonathan De La Rosa and Eddie Toledo, investment specialists in Marcus & Millichap’s Miami office, represented the sellers in the transaction.
The 126,000-square-foot Class A+ waterfront office building is expected to be completed in early 2027.
Alex Zylberglait and Michael Crocchiola of Marcus & Millichap and Roy Faith of FIP Commercial were the brokers in the transaction.
The 57-story office tower is Miami’s first Class-A delivery in more than a decade.
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